IS Purple EA v1.2 Source Code MQ4 with SetFiles (Unlimited)

IS Purple EA: A Balanced Scalping and Grid Hybrid for Steady Growth

IS Purple EA is an Expert Advisor (EA) designed with a flexible and risk-managed configuration to optimize Forex trading performance. It uses a scalping and grid hybrid strategy to capture small but frequent profits while maintaining controlled risk. With features like dynamic lot sizing, a percentage-based stop loss, and time restrictions, this EA is optimized for low-drawdown and consistent performance, making it an excellent tool for traders seeking steady growth.

➡️ Vendor website: View here

About the Author

This product is compiled by InvestSniper. This author has more than +8 years of experience working on MyFxBook with many famous products such as IS Purple EA, IS Yellow EA, IS Red EA, IS White EA, IS Grey EA, IS Blue EA, IS Green EA and other advisors. Among them, IS Purple EA is his best performing product.

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IS Purple EA Overview

Key Features of IS Purple EA

🔹Scalping & Grid Hybrid: The EA combines a scalping-style strategy for quick gains with a grid system for position spacing and risk management.
🔹Dynamic Lot Sizing: The EA automatically calculates lot sizes based on account balance and risk settings, ensuring an adaptive approach.
🔹Percentage-Based Stop Loss: Each trade is protected with a Stop loss (SL) set at a percentage of your account equity, providing a balanced risk-reward structure.
🔹Dynamic Trailing Stop: A trailing stop locks in profits as the market moves favorably, maximizing gains during extended price trends.

Additional Features

🔹Time-Based Trading: Trading is restricted to specific hours to avoid low-liquidity periods, which improves trade execution and minimizes slippage.
🔹Strategic Spacing: A minimum pip distance between grid trades prevents overtrading and reduces the risk of trade clustering during ranging markets.
🔹Position Duration Control: The EA ensures positions do not remain open for too long, which helps to lower overnight risk.
🔹Unique Trade Identifier: A unique magic number ensures that the EA’s trades do not conflict with other expert advisors on the same account.

IS Purple EA Review

🔹IS Purple EA has undergone extensive testing and live performance verification via Myfxbook. Trading on GBP/USD, detailed performance parameters achieved:

✅ Deposit: $100
✅ Total Gain: +742,198.25%
✅ Daily Growth: 0.47%
✅ Monthly Growth: 15.04%
✅ Maximum Drawdown: 1.55%
✅ Myfxbook Signal Results (GBPUSD): View here

IS Purple EA Myfxbook Trading Results

🔹IS Purple EA has undergone extensive testing and live performance verification by Myfxbook. Trading on XAU/USD pair, detailed performance parameters achieved:

✅ Deposit: $100
✅ Total Gain: +1.76M%
✅ Daily Growth: 0.51%
✅ Monthly Growth: 16.57%
✅ Maximum Drawdown: 1.52%
✅ Myfxbook Signal Results (Gold): View here

IS Purple EA Myfxbook Signal Results

🔹IS Purple EA has undergone extensive testing and live performance verification by Myfxbook. Trading on XAU/USD and EURUSD pair, detailed performance parameters achieved:

✅ Deposit: $100
✅ Total Gain: +335,110.32%
✅ Daily Growth: 0.44%
✅ Monthly Growth: 13.96%
✅ Maximum Drawdown: 0.94%
✅ Myfxbook Signal (Gold & EURUSD): View here

IS Purple EA Myfxbook Results

Why Use IS Purple EA?

🔹Enhanced Risk Control: The combination of dynamic lot sizing, a percentage-based stop loss, and strategic grid spacing provides a highly effective risk management framework.
🔹Steady and Consistent Performance: By focusing on small but frequent profits and avoiding high-risk periods, the EA is optimized for low-drawdown and consistent returns.
🔹High Adaptability: The EA’s automatic lot sizing and time-based filters ensure it can adapt to different account sizes and market conditions.
🔹Ideal for All Accounts: Its conservative approach makes the EA a strong candidate for both small personal accounts and larger prop firm challenges.

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

➡️ Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

1. Source Code MQ4:

✅ IS Purple EA.mq4
✅ IS Purple EA 1.1.mq4
✅ IS Purple EA 1.2.mq4

2. Experts:

✅ IS Purple EA.ex4
✅ IS Purple EA 1.1.ex4
✅ IS Purple EA 1.2.ex4

2. Presets:

✅ Purple_Gold.set
✅ Purple_Major_Pairs.set

Conclusion: Why IS Purple EA is a Powerful Choice for Long-Term Profits

In short, The IS Purple EA is an advanced scalping and grid hybrid Expert Advisor (EA) that blends fast, short-term profit opportunities with the stability of a grid-based risk management system. By integrating dynamic lot sizing, percentage-based stop losses, and trailing stops, it ensures each trade is both adaptive and secure, locking in gains while minimizing exposure. Strategic features such as time-based trading, pip-based trade spacing, and position duration controls further reduce risks linked to low liquidity, clustering, or overnight volatility.